In an interview Thursday, Davis said Cyrus will perform at his annual party, as will four-time Grammy nominee Lorde.

The 81-year-old music executive also teased a surprise performance by a music legend.

Jennifer Hudson will debut her new single, "I Can't Describe (the Way I Feel)," alongside collaborators T.I. and Pharrell Williams during Saturday's soiree at the Beverly Hilton. Hudson called the experience "a dream," but acknowledged that she's nervous to perform for the A-list crowd.